UPDATE 1-Rio Tinto announces $3.2 bln share buyback programme [Reuters]
Rio Tinto Plc (RIO)
US:NYSE Investor Relations:
riotinto.com/investors-87.aspx
Company Research
Source: Reuters
Rio Tinto announces $3.2 billion share buyback program | Reuters 2 Min Read (Reuters) - Global miner Rio Tinto said on Thursday it will return $3.2 billion to shareholders following the recent sale of some Australian coal assets. Rio said it will conduct an off-market share buyback for up 41.2 million Rio Tinto Ltd ( RIO.AX ) shares, worth about $1.9 billion, and further on-market purchases of Rio Tinto plc ( RIO.L ) shares. The buyback is in addition to existing buyback programs, of which $1.7 billion in shares still remains to be purchased and which will be completed by end-February 2019, it said. Rio, which had announced plans for a $4 billion buyback in August, noted that the sale of its Dunkerque aluminum smelter in northern France was not yet complete, while Norway’s Hydro canceled plans to buy its ISAL smelter in Iceland. The $3.2 billion in net proceeds comes from the sale of the Hail Creek coal mine and Valeria coal project to Glencore ( GLEN.L ), Winchester South to Wh
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- Rio Tinto donates $1.5 million to support the people and community of Grindavík in Iceland [Yahoo! Finance]Yahoo! Finance
- Rio Tinto donates $1.5 million to support the people and community of Grindavík in IcelandBusiness Wire
- Rio Tinto Group (NYSE: RIO) was upgraded by analysts at StockNews.com from a "buy" rating to a "strong-buy" rating.MarketBeat
- Rio Tinto releases first quarter production results [Yahoo! Finance]Yahoo! Finance
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Analyst Actions
- 3/5/24 - Liberum Capital
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Sec Filings
- 4/16/24 - Form SD
- 2/27/24 - Form IRANNOTICE
- 1/25/24 - Form SC
- RIO's page on the SEC website